Pinnacle Financial Partners, Inc. Depositary shares of Pinnacle Financial Partners, Inc., each representing a 1/40th Interest in a share of its 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B (PNFPP) Correlation Distribution
Across 6,809 rolling correlation observations between Pinnacle Financial Partners, Inc. Depositary shares of Pinnacle Financial Partners, Inc., each representing a 1/40th Interest in a share of its 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B (PNFPP) and other NASDAQ-listed stocks, 70.1% are positive and 29.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.297, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31.1% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,809
- Mean correlation
- 0.297
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.1%
- Strong positive (≥0.7)
- 31.1%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 89 | 1.3% | |
| -0.8 to -0.7 | 88 | 1.3% | |
| -0.7 to -0.6 | 272 | 4.0% | |
| -0.6 to -0.5 | 272 | 4.0% | |
| -0.5 to -0.4 | 288 | 4.2% | |
| -0.4 to -0.3 | 287 | 4.2% | |
| -0.3 to -0.2 | 244 | 3.6% | |
| -0.2 to -0.1 | 243 | 3.6% | |
| -0.1 to 0.0 | 250 | 3.7% | |
| 0.0 to 0.1 | 249 | 3.7% | |
| 0.1 to 0.2 | 268 | 3.9% | |
| 0.2 to 0.3 | 267 | 3.9% | |
| 0.3 to 0.4 | 340 | 5.0% | |
| 0.4 to 0.5 | 340 | 5.0% | |
| 0.5 to 0.6 | 599 | 8.8% | |
| 0.6 to 0.7 | 598 | 8.8% | |
| 0.7 to 0.8 | 967 | 14.2% | |
| 0.8 to 0.9 | 967 | 14.2% | |
| 0.9 to 1.0 | 181 | 2.7% |
Frequently asked questions
What is the average correlation of PNFPP?
Pinnacle Financial Partners, Inc. Depositary shares of Pinnacle Financial Partners, Inc., each representing a 1/40th Interest in a share of its 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B (PNFPP) has an average correlation of about 0.297 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PNFPP positively correlated with other stocks?
Mostly yes — 70.1% of pairs are positive and 29.9% are negative. Strong positive correlations (≥0.7) make up 31.1%.
What is the most common correlation range for PNFPP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.3% of all pairs.
Explore the full interactive correlation distribution for PNFPP.
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